Tag Archives: China

China stock regulator gives nod for 5 IPOs worth $1b: Media reports

China’s stock market regulator has approved five new initial public offerings (IPOs), which will aim to raise a total of no more than 6.7 billion yuan ($1.05 billion), the official news agency Xinhua reported on Saturday. Zoy Home Furnishing Co Ltd, Jiayou International Logistics Co Ltd and Hebei Yangyuan Zhihui Drinks Co Ltd will all list on the main board ... Read More »

China to overtake US economy by 2032 as Asian might builds: report

The growing importance of Asia’s major economies will continue in 2018 and beyond, according to a league table that sees the region dominating in terms of size in just over a decade. The report by the Centre for Economics and Business Research in London sees India leapfrogging the UK and France next year to become the world’s fifth-biggest economy in dollar ... Read More »

Shareholders sue Australia’s Crown Resorts over China marketing

SYDNEY (Reuters) – Australian casino operator Crown Resorts Ltd (CWN.AX) was slapped with a class action lawsuit on Monday for allegedly failing to inform shareholders of a marketing campaign in China that resulted in staff arrests and a slump in the share price. FILE PHOTO: The logo of Australian casino giant Crown Resorts Ltd adorns the hotel and casino complex ... Read More »

China Home Prices Stop Three-Month Drop as Market Stabilizes

Chinese home prices rose in more cities in October, snapping a three-month decline, a sign the market is stabilizing amid government efforts to curb property speculation. New-home prices, excluding state-subsidized housing, climbed in 50 of the 70 cities tracked by the government, compared with 44 in September, the National Bureau of Statistics said on Saturday. Prices fell in 14 cities ... Read More »

Once a farmer, this eco-warrior takes on big business in China

64-year-old taught himself law Wang Enlin, an elderly farmer who left school when he was 10 years old and taught himself law armed with a single textbook and dictionary, makes for an unlikely eco-warrior. Yet the 64-year-old is determined to reap justice as he readies for a fresh battle in his war with a subsidiary of China’s largest chemical firm, ... Read More »

China internet finance body suggests framework for virtual currencies

SHANGHAI: A senior executive at China’s internetfinance body has urged Chinese regulators to create a tougher framework of regulations to support the development of digital currencies amid Beijing’s crackdown on trading on virtual tender such as bitcoin. Chinese regulators are cracking down on the cryptocurrency sector, in a bid to stamp out potential financial risks as consumers pile into a highly risky and ... Read More »

China looks to be slowing again as domestic economy runs out of puff

China’s economy looks to pulling back into the slow lane after a range of data has shown a broad loss of momentum in domestic demand. Key points: Electricity, steel and cement production slowed in August Front-loaded infrastructure spending from earlier in the year slows rapidly Cooling retail sales centre on sectors linked to the property cycle The key monthly readings ... Read More »

Kushner Family Business Pitch In China Prompts Questions About Investor Visas

Nicole Kushner Meyer (third from left), the sister of White House senior adviser Jared Kushner, poses at a promotional event in Shanghai on Sunday. Albee Zhang/AFP/Getty Images Networking, connecting, pitching — it’s all routine in the business world. But a connection pitched in China over the weekend — involving ties between President Trump’s son-in-law Jared Kushner and a real-estate project ... Read More »

China says North Korea tension has to be stopped from reaching irreversible stage

China said on Friday tension over North Korea had to be stopped from reaching an “irreversible and unmanageable stage” as a U.S. aircraft carrier group steamed towards the region amid fears the North may conduct a sixth nuclear weapons test. Concern has grown since the U.S. Navy fired 59 Tomahawk missiles at a Syrian airfield last week in response to ... Read More »

China posts worst export fall since 2009 as fears of U.S. trade war loom

China’s massive export engine sputtered for the second year in a row in 2016, with shipments falling in the face of persistently weak global demand and officials voicing fears of a trade war with the United States that is clouding the outlook for 2017. In one week, China’s leaders will see if President-elect Donald Trump makes good on a campaign ... Read More »